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Inflation graphic on compass with Australian flag at centre
5 min read
Inflation is taking off, forcing the RBA's hand on interest rates.

RBA braces borrowers for imminent rate rise as inflation surges

The Reserve Bank of Australia (RBA) has given its strongest indication yet that the first official interest rate rise in 12 years is around the corner.

Releasing the Minutes of the Monetary Policy Meeting of the Reserve Bank Board on Tuesday (19 April), the nine-member board said inflation had pick…